Heavy's Fibo Free Odds Progression Grind

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The Fibo Free Odds Progression Grind
By Steve “Heavy” Haltom

This is an old strategy I came up with a few years back that I thought I'd re-post on the board. It was also in last month's Newsletter. I developed the play in response to a poster's question about a conservative method to profit off the Free Odds bet.

Here’s a right-side slow grind strategy based on a Fibonacci progression on the Free Odds bet I’ve been playing around with lately. Like any negative progression system there are “rules” one should follow to avoid gambler’s ruin. The rules are simple.

1. Wait for three consecutive seven-out/non-pass hands before placing any action.

2. Begin with a minimum Pass Line bet. Pass Line bets will only be
increased if the next Fibo odds progression will exceed the max odds
allowed.

3. Pass Line naturals and craps losers are ignored.

4. The objective is to score two consecutive Pass Line and Free Odds
winners.

5. After two consecutive Pass Line and Free Odds wins regress to a minimum
Pass Line bet and take single odds. Continue to play at this level until
you have a Pass Line loser (excluding Come Out craps losers).

6. After your regression, a Pass Line and Free Odds loss is your queue to
cease betting until there are three consecutive Pass Line losers. Then you
begin the progression again.

This strategy is going to work best in a house that offers 100X odds, but you can run it in a 10x or 20x odds game as well. It just takes more frequent increases on the flat bet when the odds are lower.

There’s a lot to like about this strategy. First off, while I am not big on “due number” theory the fact that you wait for three consecutive miss-outs before betting logically puts you three hands closer to a win.
Secondly, running your Fibo progression on the Free Odds bet instead of a flat bet such as the Pass or Don’t Pass supercharges the payoffs and generates larger overall wins. By regressing after two consecutive wins
you get to stay in the game with little, if anything, at risk on a net basis. Last of all, you’re still on the comp clock when you’re standing there waiting for the table to qualify for your next betting opportunity.

On the down side, systems are by their nature quite boring. It is not easy to stand there during a hot hand and watch number after number being tossed while you wait for a decision on your lowly Pass Line bet. And, as with any negative progression, things can get out of hand. To that end, you absolutely must have a loss limit and stick with it.

The Fibo odds progression we’ll use assumes you are playing in a 10X odds game. The initial progression is 1X, 1X, 2X, 3X, 5X, and 8X. Remember, if you score a win on any number then your next wager is the “same bet” as the one before. You only increase your Free Odds wager on a loss. If you win one bet then lose the next one you continue with the progression, taking the next step in the series. Last of all, in a 10X odds game, if you reach the 8X odds level without two consecutive wins on the Pass Line you will find yourself up against max odds if you want to take your bet up another level or two. To get there with room to spare, increase your Pass Line wager to $15 on the next bet with $150 Free Odds. If that wager loses in all likelihood you will have exceeded your $500 loss limit for the session and it will be time to call it a session. However, if you want to take one more step then go to $25 with $250 Free Odds. Under no circumstances would I “chase” beyond that level. The strategy gives you a total of eight shots at a win. If you don’t lock one up by that point it will be time to pull the plug.

Let’s run through some numbers to see where it all spills out. As usual, we’ll head down to Heavy’s Perfect World Casino - where numbers have a way of working out for us. We’ll buy in for $1000 in a $10 - 10X odds game. We’ll use a loss limit of $500 for the series. After buying in the first three shooters promptly go point-seven. That’s your queue to make a $10 Pass Line bet. The next shooter tosses an eleven on the come out. You lock up a $10 win in the back of your rack and wait for the next toss. On the next toss the shooter establishes the five as the point. You take $10 odds and wait for a decision.

The shooter sevens out without making the five. You’ve won $10 and lost $20 so you’re down $10 at this point. Make another $10 Pass Line bet. This time the shooter tosses a three-craps on the come out. You lose $10. Remember, Pass Line Come Out wins and losses are ignored in this system.

Place another $10 Line bet and wait for a point to be established.

The shooter establishes the four as the point and you take single odds. Once again the shooter sevens out without making his pass. You are now down $50 for the session.

Time to make the next bet in the Fibo progression. Once again you make a $10 Pass Line bet. The shooter tosses the dice and establishes the six as his point. This time you take $20 in Free Odds. Remember, in a Fibo progression the next bet is the sum of the prior two losing bets. Now let’s assume the shooter makes his Pass. You are paid $10 for your Pass Line wager and $24 for the Free Odds bet - $34 total. You are still down
$16, but because you won that last wager your next bet is “same bet.”

You make a $10 Pass Line wager and the shooter tosses as Come Out seven. You lock up $10 but ignore the win as far as your progression is concerned.

Next the shooter tosses the nine, establishing it as his point. You take $20 odds and wait for a decision. Unfortunately, the shooter promptly sevens out and find yourself down $36 net. Since the shooter sevened out without scoring two consecutive Pass Line wins you progress to the next step level in the progression.

You place a $10 Pass Line wager and the shooter establishes the eight as his point. This time you take $30 in Free Odds. In short order the shooter repeats the eight and you are paid $10 for your Pass Line win and
$36 for the Free Odds bet - $46 total. Suddenly your $36 net loss has turned into a $10 net win. But you must score two wins in a row at this level before regressing, so your next bet is again $10 on the Pass Line
with $30 Free Odds.

Let’s say the shooter sets the nine as the point this time and, after a few trash numbers, tosses it for a Pass Line winner. This time you are paid $10 on the Pass Line and $45 on the Free Odds - $55 total - and you are
ahead $65 for the session. Now it is time to regress to a $10 Pass Line bet with single odds.

Continue to play at this level as long as this shooter continues to toss Pass Line winners. But if he sevens out then you sit out the next few hands until there are three consecutive Pass Line losers. Then you run the
series again.

Feel free to check my math on the example above. If I made a mistake it won't be the first time I've misplaced a chip in the rack. Essentially we're just trying to get the concept across here.

Strategies like this don’t really improve you chances of winning. They do, however, provide a systematic approach to the game that should extend table time and give you a fair shot of walking with a profit if you take a disciplined approach to the game. Remember, whenever playing systems - especially on random rollers - you should never risk more than you are willing to lose.

By the way - this same strategy can be adapted for dark side play - which might not be a bad idea if the table is as cold as the one described above.

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Bumping the old Fibo Free Odds Progression strategy up for you new members. Something to think about . . . if you have the patience to run a grind strategy.